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Stock Market & Financial Investment News

News For FIVE;ULTA;CBK;RGC;NURO;ZUMZ;AVGO;ZNGA;FB;YUM;GRPN From The Last 14 Days
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May 29, 2015
16:44 EDTAVGOStocks end week lower as GDP revision closes May on down note
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16:00 EDTFBOptions Update; May 29, 2015
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10:27 EDTULTAOptions with decreasing implied volatility
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10:07 EDTAVGOBroadcom calls active on speculation of a competing bid
Broadcom (BRCM) June 55 and 56 calls are active on total call volume of 13K contracts (3K puts) on speculation of a competing bid by Qualcomm (QCOM). June weekly call option implied volatility is at 22, June is at 25, July is at 21; compared to its 52-week range of 18 to 62. Active call volume suggests traders taking positions for price movement after announcing it will be acquired by Avago Technologies (AVGO) for cash and stock in a deal valued at $37B or roughly $58 per share.
10:01 EDTYUMOn The Fly: Analyst Initiation Summary
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10:00 EDTAVGOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Associated British Foods (ASBFY) upgraded to Buy from Sell at Goldman... Avago (AVGO) upgraded to Buy from Hold at Jefferies... China Telecom (CHA) upgraded to Buy from Hold at Jefferies... Copart (CPRT) upgraded after headwinds disclosed at SunTrust... Kinross Gold (KGC) upgraded to Buy from Neutral at UBS... MagnaChip (MX) upgraded to Buy from Hold at Topeka... Newcrest Mining (NCMGY) upgraded to Buy from Neutral at Goldman... Noranda Aluminum (NOR) upgraded to Neutral from Sell at UBS.
09:35 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL INTC VLO FB HFC AMZN FB BRCM FCX
09:19 EDTULTAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Magnachip (MX), up 5.8% after reporting quarterly results and CEO transition... GameStop (GME), up 6.4%... Infoblox (BLOX), up 1.6%... Ulta Salon (ULTA), up 1.1%. ALSO HIGHER: Transgenomic (TBIO), up 44.2% after launching Multiplexed Ice Cold-PCR CLIA service... Heron Therapeutics (HRTX), up 37.7% following positive results from Sustol study... Altera (ALTR), up 5% following a NY Post report that Intel (INTC) is close to buying Altera for up to $54.00 per share... Intel is up marginally. DOWN AFTER EARNINGS: Frontline (FRO), down 4.9%. ALSO LOWER: Cyberark (CYBR), down 3.2% after filing to sell $50M in common stock and $200M for stockholders.
08:15 EDTAVGOAvago price target raised to $180 from $135 at Pacific Crest
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08:13 EDTAVGOBroadcom downgraded to Neutral from Positive at Susquehanna
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07:42 EDTULTAUlta Salon remains a top growth story in retail, says Baird
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07:38 EDTAVGOBroadcom downgraded to Hold from Buy at Topeka
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07:20 EDTAVGOAvago deal with Broadcom much better than expected, says UBS
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07:15 EDTAVGOBroadcom-Avago deal may not be tech's largest for long, Bloomberg says
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07:14 EDTAVGOAvago upgraded to Buy from Hold at Jefferies
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06:30 EDTYUMYum! Brands initiated with a Hold at Deutsche Bank
Target $90.
06:16 EDTFBFacebook implied volatility of 20 at lower end of index mean range
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05:38 EDTAVGOIntel close to buying Altera for up to $54/share, NY Post reports
Intel (INTC) is near a deal to buy rival Altera (ALTR) for about $15B or up to $54 per share, Josh Kosman of the New York Post reports, citing a source close to the situation. Altera reportedly rejected an earlier buyout price from Intel of $54 per share, but that was before it reported disappointing earnings results, Kosman points out. Intel has no interest in competing with Avago (AVGO) to acquire Broadcom (BRCM), a source told the reporter. Shares of Altera are trading up $4.52 to $51.49 in the pre-market. Reference Link
05:15 EDTAVGOAvago price target raised to $180 from $145 at Brean Capital
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May 28, 2015
18:44 EDTULTAOn The Fly: After Hours Movers
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16:29 EDTAVGOOn The Fly: Top stock stories for Thursday
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16:07 EDTULTAUlta Salon sees FY15 EPS growth at high end of 15%-17% range, consensus $4.65
Raises FY15 comparable sales growth to 7%-9% from 6%-8%. Sees increase in total sales in mid to high teens percentage range. Sees growing e-commerce sales in 40% range.
16:05 EDTULTAUlta Salon sees Q2 EPS $1.07-$1.12, consensus $1.09
Sees Q2 revenue $854M-$868M, consensus $859.25M. Sees comparable sales, including e-commerce, increasing 7%-9%.
16:04 EDTULTAUlta Salon reports Q1 EPS $1.04, consensus 93c
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16:03 EDTFBOptions Update; May 28, 2015
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15:33 EDTAVGOAvago price target raised to $155 after Broadcom deal at Oppenheimer
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15:25 EDTULTANotable companies reporting after market close
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15:16 EDTULTAUlta Salon June 155 straddle priced for 8.9% movement into Q1
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15:15 EDTAVGOAvago and Broadcom combination points to a $200+ stock, says Mizuho
Mizuho said the Avago (AVGO) and Broadcom (BRCM) combination suggests a $220 stock with synergies, based on FY16 EPS of $14.70 and using a 15x multiple. The firm rates Avago a Buy with a $175 price target, up from $150.
13:54 EDTULTAUlta Salon technical commentary before earnings
Shares are trading close to life highs at time of writing and have been in a range largely defined by $150 at the low and $156 at the high for the last several months. Preceding this range is a bullish gap. If the news is bullish, the top of the trading range would very likely be exceeded. The only resistance above the $156 area is at the life high and 52-week high at $158.97. A move above the life high would leave open a run to the $160 to $165 area. If the news is a bearish surprise there is the potential for an Island Top pattern to be in play tomorrow. A gap down below $148.11 would confirm that pattern. Next support below would be at $145.90, the bottom of the bullish gap from March of this year and then at $143.69. The percent of shares short in the float is very low, leaving open the prospect of a more extreme downside reaction than typical in the absence of buy-to-cover demand on a negative surprise.
13:19 EDTAVGOOn The Fly: Top stock stories at midday
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12:31 EDTFBStocks with call strike movement; PBR FB
Petrobras (PBR) October 10 call option implied volatility increased 2% to 52, Facebook (FB) September 90 call option implied volatility increased 2% to 26 according to IVolatility.
10:55 EDTFBGoPro rises after confirming plans to enter drone, VR markets
Shares of GoPro (GPRO) are rising after the action camera maker confirmed it is developing a camera array for virtual reality filming and is also making its own drone for consumers. WHAT'S NEW: GoPro is developing a product that can create video which can be viewed on virtual reality headsets, GoPro CEO Nick Woodman said at the Code Conference, according to Re/code. Called a Six-Camera Spherical Array, the device uses six of GoPro's Hero4 cameras and a product from Kolor, a virtual reality software company GoPro acquired in April. GoPro is also building its own drone geared to consumers, Woodman said, according to Re/code. However, the company will continue to provide cameras to other drone makers, the website noted. ANALYST REACTION: In a note to investors earlier today, Piper Jaffray analyst Erinn Murphy said that GoPro's virtual reality product should be available in the second half of this year and cost $500-$1,500. The drone is expected to be available in the first half of next year and is likely to be sold for $500-$2,500, the analyst stated. GoPro's expansion into the drone and virtual reality markets could undermine bears' contention that GoPro's total available market is low, according to Murphy. Drones and virtual reality should have total available markets of over $5B by 2020 and over $65B by 2025, respectively, estimated the analyst, who kept a $68 price target and Overweight rating on GoPro. Meanwhile, Stifel analyst Jim Duffy wrote that the virtual reality product will have only a minimal impact on GoPro's results in 2015 and 2016. However, the drone offering could increase its 2016 earnings per share by 20c-30c if it is launched in the beginning of the year, according to Duffy, who kept a Hold rating on the stock. WHAT'S NOTABLE: In a note to investors yesterday, well-known Piper Jaffray analyst Gene Munster called virtual reality and augmented reality "the next mega tech themes through 2030." Users will be able to enjoy gaming, live sports, concerts, "immersive cinema," and social experiences using virtual reality, he predicted. Facebook (FB), Google (GOOG,GOOGL) and Apple (AAPL) are likely to benefit from this trend, Munster believes. PRICE ACTION: In mid-morning trading, GoPro climbed nearly 8% to $57.43.
10:30 EDTAVGOOppenheimer semiconductor analyst to hold an analyst/industry conference call
Semiconductors Analyst Rick Schafer discusses Avago Technologies acquisition of Broadcom Corporation on an Analyst/Industry conference call to be held on May 28 at 10:30 am.
10:18 EDTAVGOBroadcom upgraded to Market Perform from Underperform at Wells Fargo
Wells Fargo upgraded Broadcom (BRCM) to Market Perform after the company entered into an agreement to be acquired by Avago (AVGO).
10:12 EDTAVGOHigh option volume stocks
High option volume stocks: A RS ALXN AVGO TFM PLKI JNPR VGK GDOT
10:02 EDTFBSandvine: Netflix accounts for 36.5% of peak Internet traffic, Variety reports
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09:34 EDTFBActive equity options trading on open
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09:27 EDTAVGOOn The Fly: Pre-market Movers
HIGHER: Rally Software (RALY), up 44% after deal to be bought by CA Technologies for $19.50 per share... IMAX (IMAX), up 6.5% after IMAX China files application for IPO on Hong Kong Stock Exchange... Avago (AVGO), up 2.8% after announcing deal to buy Broadcom (BRCM) for $37B in cash and stock. Broadcom shares are down 1% following the announcement... Western Digital (WDC), up 2.4% following upgrade to Buy from Neutral at Goldman. UP AFTER EARNINGS: Express (EXPR), up 8%... Abercrombie & Fitch (ANF), up 4.3%. LOWER: NeoStem (NBS), down 22.8% after 12.5M share secondary price at $2 per share... Ctrip.com (CTRP), down 1.6% after reportedly disclosing cyberattack against its services. DOWN AFTER EARNINGS: Orbital ATK (OA), down 1.6%... Signet (SIG), down 3.5%... Sanderson Farms (SAFM), down 3%... Dangdang (DANG), down 11%.
08:56 EDTAVGOAvago CEO says long-term revenue CAGR target 'probably conservative'
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08:54 EDTAVGOAvago CEO: Hard for another bidder to match Broadcom deal on equivalent basis
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08:47 EDTAVGOAvago sees repatriating 'some' of Broadcom off-shore cash
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08:42 EDTAVGOSkyworks checks favorable, says JMP Securities
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08:30 EDTAVGOBroadcom, Avago say $750M synergy target doesn't assume portfolio restructuring
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08:06 EDTFBFacebook bringing Internet.org service to Pakistan with Telenor
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08:01 EDTAVGOAvago to hold a conference call
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07:48 EDTAVGOAvago Technologies volatility elevated into purchasing Broadcom
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07:43 EDTAVGOBroadcom volatility elevated into Avago purchasing for $37B
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07:40 EDTAVGOAvago, Broadcom long-term model calls for 5% revenue CAGR
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07:11 EDTAVGOAvago sees Q3 non-GAAP revenue $1.74B +/- $25M
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07:09 EDTAVGOAvago reports Q2 continuing ops EPS $2.13, consensus $2.01
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07:07 EDTAVGOAvago sees Broadcom deal immediately accretive to non-GAAP EPS, free cash flow
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07:03 EDTAVGOAvago to acquire Broadcom for $37B in cash and stock
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07:01 EDTAVGOAvago to acquire Broadcom for $37B in cash and stock
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06:07 EDTFBFacebook implied volatility of 20 at lower end of index mean range
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06:07 EDTAVGOAvago implied volatility of 46 at upper end of index
05:55 EDTAVGOStocks with implied volatility movement; AVGO QCOM
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May 27, 2015
19:42 EDTYUMYum! Brands CEO says hypothetical Taco Bell delivery service would be 'huge'
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16:23 EDTAVGOOn The Fly: Top stock stories for Wednesday
Stocks on Wall Street began the session in positive territory and never looked back. The market gained upside momentum during the first hour of trading, then found a level where it moved in a very narrow range throughout the day. The averages, led by the Nasdaq, recaptured a major part of yesterday’s losses with today's advance. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Shares of Broadcom (BRCM) spiked after The Wall Street Journal reported that the company is in advanced talks to be acquired by Avago Technologies (AVGO). Piper Jaffray analyst Ruben Roy said that if average takeout multiples in the semiconductor space over the past several years are used as a guide, Broadcom could be valued near $58 per share in a takeover. Meanwhile, Pacific Crest speculated that Avago could pay $63-$65 per share for Broadcom and the deal would still be accretive. Later in afternoon, a report from Bloomberg claimed a stock and cash deal for Avago to acquire Broadcom could be announced as soon as tomorrow. Broadcom shares finished up $10.05, or 21.42%, to $56.97, while Avago ended with gains of $11.32, or 8.62%, to close the session at $142.62. MAJOR MOVERS: Among the notable gainers was Tiffany & Co. (TIF), which advanced $9.01, or 10.53%, to $94.54 after its earnings beat expectations and the company backed its forecast for fiscal year 2015. Also higher was Five Prime Therapeutics (FPRX), which rallied $2.89, or 14.69%, to $22.56 after it made a deal to develop CAR-T cancer therapies in partnership with bluebird bio (BLUE). Among the noteworthy losers was Michael Kors (KORS), which sank $14.66, or 24.2%, to $45.93 and was downgraded at BofA Merrill Lynch and JPMorgan after the company provided a weaker than expected outlook for the first quarter and fiscal year 2016. Also lower were shares of Workday (WDAY), which dropped $10.49, or 11.34%, to $82.00 after the company reported results and gave guidance with less upside than investors have come to expect. INDEXES: The Dow rose 121.45, or 0.67%, to 18,162.99, the Nasdaq gained 73.84, or 1.47%, to 5,106.59, and the S&P 500 advanced 19.28, or 0.92%, to 2,123.48.
16:03 EDTFBOptions Update; May 27, 2015
iPath S&P 500 VIX Short-Term Futures down 82c to 18.56 Option volume leaders: AAPL KORS BRCM MCD FB MNKD AAL YHOO BAC MU ANF S EOX
15:42 EDTAVGOAvago board to meet tonight on potential Broadcom deal, CNBC reports
CNBC's Kayla Tausche, citing sources, reports that Avago's (AVGO) board will meet tonight to vote on a potential takeover deal for Broadcom (BRCM), which could be announced as soon as tomorrow.
15:28 EDTAVGOMellanox would have direct competition from an Avago, Broadcom deal, says Stifel
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15:03 EDTAVGOAvago deal for Broadcom could be announced as soon as tomorrow, Bloomberg says
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15:00 EDTAVGOBroadcom, Avago deal would make strategic sense, says Piper Jaffray
Piper Jaffray analyst Ruben Roy said he believes a merger deal between Broadcom (BRCM) and Avago (AVGO), as the companies were said by the Wall Street Journal to be discussing, would make strategic sense. Roy said that if average take-out multiples in the semiconductor space over the past several years are used as a guide, Broadcom could be valued near $58 per share in a takeover. He added that he thinks Intel (INTC) could continue to be interested in Broadcom, especially with its reported talks to buy Altera (ALTR) "in limbo." Roy maintains a Neutral rating on Broadcom shares.
14:52 EDTAVGOBroadcom declines comment on report of Avago talks
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14:27 EDTAVGOAvago could pay up to $65 for Broadcom, says Pacific Crest
Pacific Crest speculates Avago (AVGO) could pay $63-$65 per share for Broadcom (BRCM) and the deal would still be accretive.
14:25 EDTAVGOAvago Technologies calls active on talks to buy Broadcom report
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14:20 EDTAVGOBroadcom calls active on Avago in advanced talks to buy report
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14:10 EDTAVGOMaxim briefly trades lower after DJ report of Avago interest in Broadcom
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14:08 EDTAVGOAvago in advanced talks to buy Broadcom, WSJ reports
Broadcom (BRCM), which had a market value of $28B as of this afternoon, is in advanced talks to be acquired by Avago Technologies (AVGO), which recently had a market cap of about $34B, though it is unclear what terms the companies are discussing, said The Wall Street Journal. Following the report, Broadcom shares are up about 14% to $53.45, while Avago is up nearly 6% to trade just below $139 per share. Reference Link
14:01 EDTAVGOBroadcom jumps 8.5% after Dow Jones report on Avago takeover talks
Avago Technologies (AVGO) shares are up nearly 5% following the report.
14:00 EDTAVGOBroadcom in advanced talks to be acquired by Avago, Dow Jones reports
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10:38 EDTFBFacebook testing Yelp-like feature for restaurant pages, ClickZ reports
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10:32 EDTFBTwitter beats LinkedIn as top social media site for salespeople, Forbes reports
In a survey conducted by Forbes with a client, Twitter (TWTR) beat LinkedIn (LNKD) to become the top social media network for salespeople. When it came to sales prospecting, Twitter was "slightly more valuable" than LinkedIn, according to the survey, though both sites beat out Facebook (FB) and Google (GOOG). Reference Link
10:30 EDTYUMYum! Brands says KFC still 'quintessential' QSR brand and not just China brand
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10:23 EDTYUMYum! Brands sees positive SSS in China in 2H15
Also sees improvement restaurant margin and operating profit in 2H15. Expects 20,000 restaurants in China for the long-term. The company said it expects to aggressively test more unique value options in Pizza Hut, including competitive price points. Expects to open 600 new units in its international division this year for Pizza Hut International. Says Taco Bell is "firing on all cylinders." Comments taken from Bernstein Annual Strategic Decisions Conference.
10:01 EDTULTAOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abbott (ABT) initiated with a Buy at Evercore ISI... Aldeyra (ALDX) initiated with a Buy at Janney Capital... Black Stone Minerals (BSM) initiated with a Neutral at Credit Suisse... Boston Scientific (BSX) initiated with a Buy at Evercore ISI... Cidara Therapeutics (CDTX) initiated with a Buy at BTIG... Coach (COH) initiated with an Underweight at BB&T... Diplomat Pharmacy (DPLO) initiated with an Outperform at Raymond James... EPIRUS (EPRS) initiated with a Buy at BTIG... Enviva (EVA) initiated with a Buy at Citigroup... General Finance Corp (GFN) initiated with an Outperform at Oppenheimer... Hortonworks (HDP) initiated with an Outperform at Oppenheimer... Jarden (JAH) initiated with a Buy at UBS... Kate Spade (KATE) initiated with a Buy at BB&T... Medtronic (MDT) initiated with a Hold at Evercore ISI... MoneyGram (MGI) initiated with a Neutral at Goldman... Opexa Therapeutics (OPXA) initiated with a Buy at Maxim... Paratek Pharmaceuticals (PRTK) initiated with a Buy at BTIG... Progenics (PGNX) initiated with a Buy at BTIG... Rite Aid (RAD) initiated with a Buy at Mizuho... St. Jude Medical (STJ) initiated with a Buy at Evercore ISI... Starwood Waypoint (SWAY) initiated with an Outperform at Wells Fargo... Talen Energy (TLN) initiated with a Hold at Deutsche Bank... Ulta Salon (ULTA) initiated with a Buy at Buckingham... Vipshop (VIPS) initiated with a Buy at Stifel... Virtu Financial (VIRT) initiated with a Neutral at Citigroup... Vista Outdoor (VSTO) initiated with a Buy at Wunderlich... ZELTIQ (ZLTQ) initiated with a Buy at Northcoast... eBay (EBAY) initiated with a Buy at Topeka.
09:38 EDTFBActive equity options trading on open
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09:17 EDTFBFacebook's Oculus acquires Surreal Vision, terms not disclosed
Facebook-owned Oculus announced in a blog post yesterday the acquisition of Surreal Vision. Oculus explains, "Surreal Vision is one of the top computer vision teams in the world focused on real-time 3D scene reconstruction – generating an accurate representation of the real world in the virtual world. Great scene reconstruction will enable a new level of presence and telepresence, allowing you to move around the real world and interact with real-world objects from within VR." Reference Link
08:39 EDTFBSony purchases Optical Archive, WSJ reports
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08:21 EDTULTAUlta Salon volatility elevated into Q1 and outlook
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07:44 EDTULTAUlta Salon initiated with a Buy at Buckingham
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06:13 EDTFBTech companies look for ways to fend off activist investors, WSJ reports
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06:01 EDTFBSnapchat CEO says company 'needs to IPO," Business Insider reports
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05:58 EDTZNGAStocks with implied volatility above IV index mean; KORS ZNGA
Stocks with implied volatility above IV index mean; Michael Kors (KORS), Zynga (ZNGA) 57 according to iVolatility.
May 26, 2015
20:50 EDTYUMBernstein to hold a conference
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18:32 EDTFBFacebook India offers content creators exclusivity deals, Economic Times says
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17:37 EDTULTAUlta Salon initiated with a Buy at Buckingham
Target $182.
16:01 EDTFBOptions Update; May 26, 2015
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13:02 EDTYUMYum! Brands says Pizza Hut to remove artificial colors, flavors from pizzas
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13:01 EDTYUMYum! Brands says Taco Bell to remove artificial colors, flavors
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08:06 EDTULTAUlta Salon valuation supported by continued execution, says Baird
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07:19 EDTFBFacebook being scrutinized on several fronts in Europe, NY Times reports
In recent months, several different European regulators have been examining facets of Facebook's (FB) operations and it remains to be seen whether the social network operator has learned from the past mistakes of companies such as Intel (INTC), Microsoft (MSFT) and Google (GOOG) in terms of navigating Europe’s legal system, said The New York Times. The European Union is looking into whether Facebook unfairly favors its own services, the region’s top court will issue a preliminary decision next month on whether Facebook can continue transferring user data between Europe and the U.S. and a number of EU data protection watchdogs are questioning Facebook’s privacy settings, the report noted. Reference Link
May 22, 2015
16:00 EDTFBOptions Update; May 22, 2015
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10:38 EDTAVGOMizuho says buy NXP, Micron, ON Semi
Mizuho Securities initiated coverage of a number of chip makers in a note to investors last night. Among its recommendation in the space, NXP Semiconductors (NXPI), Micron (MU), and ON Semiconductor (ON) were called out with Buy ratings. NXP: NXP Semiconductors dominates the mobile payment market with its NFC products, Mizuho analyst Vijay Rakesh wrote. The company's NFC chips are used in Apple's (AAPL) Apple Pay and NXP has a strong mobile payment ecosystem in China, the analyst explained. NXP Semiconductors is also a leader in providing chips used to enhance credit card security, as its Chip+Pin system has a 75% share of the global market and is in the process of being deployed in the U.S, according to Rakesh. Going forward, NXP's growth should be driven by the automotive products of Freescale, which the company acquired earlier this year, the analyst stated, adding that NXP should derive strong synergies and cash flow from the deal. He set a $140 price target on the stock. MICRON: Sales of flash memory device maker Micron's DRAM products should be boosted by a PC rebound in the second half of this year, according to Rakesh. Additionally, the company's new CFO could make its actions more predictable, pleasing investors, the analyst stated. ON: ON Semiconductor should benefit from its acquisition of Aptina, which gave ON a significant presence in the Advanced Driver Assistance Systems, or ADAS, market, Rakesh believes. ADAS is likely to grow rapidly around the world, driven by mandates, the analyst predicted. A second positive catalyst for ON will be the proliferation of wireless charging, added the analyst, who set a $16 price target on the shares. PRICE ACTION: In early trading, NXP rose nearly 1% to trade nearly $108, Micron gained 2.6% to $27.61, and ON was fractionally higher. Other semiconductor makers initiated with Buy ratings by the firm include Skyworks (SWKS), Synaptics (SYNA), Avago (AVGO) and Cypress Semiconductor (CY).
10:34 EDTYUMYum! Brands management to meet with Oppenheimer
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10:33 EDTFBFacebook management to meet with Oppenheimer
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09:58 EDTAVGOOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Allison Transmission (ALSN) initiated with a Buy at Stifel... Avago (AVGO) initiated with a Buy at Mizuho... Blackstone (BX) initiated with a Positive at Susquehanna... Cellectis (CLLS) initiated with an Outperform at Oppenheimer... Cypress Semiconductor (CY) initiated with a Buy at Mizuho... Esperion (ESPR) initiated with a Sell at Chardan... H&R Block (HRB) initiated with an Overweight at Piper Jaffray... Horizon Pharma (HZNP) initiated with an Outperform at Leerink... M/A-COM (MTSI) initiated with a Buy at Goldman... Meritor (MTOR) initiated with a Hold at Stifel... Micron (MU) initiated with a Buy at Mizuho... Monster Worldwide (MWW) initiated with a Neutral at Piper Jaffray... NXP Semiconductors (NXPI) initiated with a Buy at Mizuho... National Storage (NSA) initiated with a Sector Weight at KeyBanc... ON Semiconductor (ON) initiated with a Buy at Mizuho... Qorvo (QRVO) initiated with a Buy at Goldman... SanDisk (SNDK) initiated with a Neutral at Mizuho... Sharps Compliance (SMED) initiated with a Buy at Stifel... Skyworks (SWKS) initiated with a Buy at Mizuho... StemCells (STEM) initiated with a Buy at Cantor... Synaptics (SYNA) initiated with a Buy at Mizuho... Synergy Pharmaceuticals (SGYP) initiated with a Buy at Canaccord... Texas Instruments (TXN) initiated with a Neutral at Mizuho... TriNet (TNET) initiated with a Neutral at Piper Jaffray... Vascular Biogenics (VBLT) initiated with a Buy at Roth Capital... Verifone (PAY) initiated with an Outperform at Imperial Capital... uniQure (QURE) initiated with an Outperform at Oppenheimer.
09:34 EDTFBActive equity options trading on open
Active equity options trading on open: AAPL BABA AMZN FB MU BIDU SDRL BAC INTC EXPE CHK FEYE
May 21, 2015
19:44 EDTFBGoogle advertising head remarks that larger phones may help mobile ads, WSJ says
In a Wall Street Journal interview at the San Francisco ad:tech conference, Google (GOOG) advertising chief Sridhar Ramaswamy commented on the conversation rate from mobile ad viewership to actual mobile sales, stating, "As phones get bigger the [screen] space issue becomes less challenging... [My six-inch phone] is essentially a tablet. People’s ability to navigate sites and fill out forms and such goes up tremendously." Ramaswamy also offered commentary on Facebook's (FB) advertising metrics, asking, "How many of Facebook’s video views are engaged views?" The Journal notes that Google's YouTube waits 30 seconds to register a video view, while Facebook counts a view "more quickly." Reference Link
16:15 EDTAVGOAvago initiated with a Buy at Mizuho
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16:00 EDTFBOptions Update; May 21, 2015
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10:02 EDTAVGORumor: Xilinx moves up on renewed takeover chatter
Shares of Xilinx (XLNX) are moving up on speculation Avago (AVGO) is in talks to acquire the company.
09:36 EDTFBActive equity options trading on open
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08:02 EDTFBDuPont Fabros expands relationship with Facebook at ACC7 data center
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06:33 EDTFIVEFive Below initiated with a Market Perform at FBR Capital
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May 20, 2015
16:00 EDTFBOptions Update; May 20, 2015
iPath S&P 500 VIX Short-Term Futures up 3c to 19.19. Option volume leaders: AAPL AAL YHOO DAL FB BABA UAL BAC TWTR LUV C TSLA GE MU
14:04 EDTFBFacebook acquires web publisher tool maker Tugboat Yards
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09:36 EDTFBActive equity options trading on open
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May 19, 2015
16:01 EDTFBOptions Update; May 19, 2015
iPath S&P 500 VIX Short-Term Futures down 27c to 19.17. Option volume leaders: AAPL BAC WMT MSFT FB TWTR MNKD NFLX T PBR
12:25 EDTAVGOOn The Fly: Top stock stories at midday
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09:42 EDTAVGOChinese professors charged with stealing secrets from Avago, Skyworks
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09:37 EDTFBActive equity options trading on open
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May 18, 2015
20:16 EDTZUMZ, FIVEUrban Outfitters down over 16% after disappointing Q1 results
Urban Oufitters (URBN) is down sharply after reporting first quarter earnings per share and revenue that missed analyst estimates. WHAT'S NEW: Urban Oufitters reported Q1 EPS of 25c on revenue of $739.01M, below consensus expectations of 30c and $758.25M, respectively. Urban Outfitters also reported Q1 comparable retail segment net sales up 4%, with Q1 retail segment net sales increasing 17% at Free People, 5% at Urban Outfitters, and 1% at the Anthropologie Group. Wholesale segment net sales rose 18%. WHAT'S NOTABLE: On its Q1 earnings conference call, Urban Outfitters announced that Urban Outfitters Group CEO Ted Marlow, who oversaw the direction of the namesake brand, would retire at the end of August. While Urban Outfitters did not provide guidance, Urban Outfitters Anthropologie Group CEO David McCreight commented on the Anthropologie brand, "We're expecting we could see Q2 shaping up like Q1 in terms of low single-digit comps. We could also see being in the low-mid-single digit comps. It's hard to tell at this point." ANALYST REACTION: Two analyst firms lowered their respective price targets on Urban Outfitters following the company's earnings report. Sterne Agee, which rates Urban Outfitters a Neutral, lowered its 12-month price target to $34 from $46, noting the company has had trouble getting both its Urban Outfitters and Anthropologie brands to perform at the same time. Cantor, which maintained its Buy rating, lowered its price target to $53 from $54, saying that Anthropologie sales disappointed, but noting that a "later catalog release appears to us to have pushed some sales at Anthropologie into May." PRICE ACTION: Urban Outfitters fell 16.4% to just over $34 in after-hours trading. PEERS: Other publicly traded companies in the space include Abercrombie & Fitch (ANF), American Eagle (AEO), Five Below (FIVE), Pacific Sunwear (PSUN), and Zumiez (ZUMZ).
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